Shareholders of Abu Dhabi-listed CBI decline board proposal for capital hike - Reuters:
Shareholders of Abu Dhabi-listed Commercial Bank International, which is part owned by Qatar National Bank, have declined a proposed by the board to increase the capital of the company, according to a regulatory filing on Tuesday.
The filing did not state the reasons for the shareholders decision.
The shareholder meeting took place on Monday after CBI’s board on March 5 had invited shareholders to a meeting to approve a number of recommendations including a capital increase through an issuance of 430 million new shares, at one dirham ($0.2723) per share.
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